Ted Dixon
From Saturday's Globe and Mail Published on Friday, Nov. 06, 2009 2:45PM EST Last updated on Saturday, Nov. 28, 2009 3:43AM EST
The share price of Agnico-Eagle Mines Ltd. AEM-T took a hit at the end of October when the company announced its quarterly results. The gold miner disappointed the market with a downward revision to its production guidance for 2009. However, insiders were buying shares this week on stock price weakness.
Chief executive officer Sean Boyd bought 5,000 shares between the prices of $59.01 and $61.87. Three other officers also bought a combined total of 4,600 shares between $59.72 and $61.49.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.
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